For saleReduced $89,001 from $489,000

$399,999

5,008 SF building0.12 acre lotBuilt 1930

516 Steuben RdHerkimer, NY 13350

Multifamily property · MLS 11690577 · Listed 197 days ago (Apr 21, 2026)

Report a problem

Active: Listed and available according to the MyStateMLS feed.

About this property

Sprawling five-unit investment property located in a beautiful, well-established neighborhood. This fully renovated and well-maintained building has undergone numerous upgrades and improvements throughout, and is 100% occupied-offering immediate and reliable income. The property features ample off-street parking and strong rental appeal, making it an ideal opportunity for seasoned investors or those looking to enter the market. Live in one unit while generating income from the others, or maximize returns with this turnkey asset. Excellent net revenue potential with room for continued growth. Please allow 24 to 48 hours for showings, contact agent to schedule showings and for financial information regarding this property

Description provided by the listing brokerage.

Key facts

Asking price
$399,999
Original list price
$489,000
Status
For sale
Property type
MultifamilyFrom the MLS property class
Building area
5,008 SFSource field AboveGradeFinishedArea
Land area
0.12 acresSource field LotSizeSquareFeet
Year built
1930
MLS number
11690577

Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.

Price

Asking price
$399,999
Price per SF of building
$80/SFAsking price ÷ 5,008 SF reported building area
Annual taxes
$6,600Tax year 2025

Building and site

Stories
2
Year renovated
2025Source field RenovationYear_C
Reported zoning
Multi-FamilyAs reported by the listing. Confirm permitted uses for your plans with the local zoning authority.
County
Herkimer County

Investment figures reported in the description

Occupancy
100% (actual or pro forma not stated)"…provements throughout, and is 100% occupied-offering immediate and reliab…"

These figures are as written by the listing agent, without a stated period or supporting statements. Commercial Only does not calculate or verify them. Ask for rent rolls, operating statements and leases before relying on any figure.

Reported features

  • Natural gas (from a listing field)
  • Public water (from a listing field)
  • Parking reported (from a listing field)

A mention is not a specification. Confirm power, clear height, doors, parking and code compliance for your use with the listing representative and your own advisers.

Listing details

Flooring

  • Linoleum
  • Laminate

Heating

  • Forced Air
  • Baseboard
  • Natural Gas
  • Electric

Parking

  • Driveway

Construction

  • Vinyl Siding

Roof

  • Asphalt

Water

  • Public (Water Source)

Sewer

  • Other

Location

The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or survey and says nothing about access rights, easements or flood zones. See more listings in Herkimer or multifamily property in Herkimer.

Why this listing is on Commercial Only

  • Multi-unit income property class. (PropertyTypeDetail: multi-5-plus)

How listings qualify. Something wrong? Report it.

Price and status history

  • Original list price reported by the brokerage: $489,000

Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.

Similar listings

Multifamily property listings for sale in New York, asking $200,000 to $599,999, newest first. Each one passes the same eligibility and display rules on its own. See all matches

Photo 1 of 41, multifamily property at 1017 Chrisler Avenue, Schenectady, NY 12303
For sale

$259,000

Multifamily property

2,304 SF building0.11 acres lot

$112/SF (asking price ÷ building area)

  • Parking reported

1017 Chrisler AvenueSchenectady, NY 12303

Listing courtesy of Miranda Real Estate Group Inc · MyStateMLS #12045411

Photo 1 of 14, multifamily property at 1305 Broadway, Watervliet, NY 12189
For sale

$298,000

Multifamily property

2,424 SF building0.07 acres lot

$123/SF (asking price ÷ building area)

  • Fenced or outdoor yard
  • Parking reported

1305 BroadwayWatervliet, NY 12189

Listing courtesy of Miranda Real Estate Group Inc · MyStateMLS #12041425

Photo 1 of 19, multifamily property at 801 Congress Street, Schenectady, NY 12303
For sale

$275,000

Multifamily property

1,384 SF building0.06 acres lot

$199/SF (asking price ÷ building area)

801 Congress StreetSchenectady, NY 12303

Listing courtesy of Miranda Real Estate Group Inc · MyStateMLS #12041423

Photo 1 of 48, multifamily property at 1037 Cutler Street, Schenectady, NY 12303
For sale

$225,000

Multifamily property

1,746 SF building0.11 acres lot

$129/SF (asking price ÷ building area)

1037 Cutler StreetSchenectady, NY 12303

Listing courtesy of Miranda Real Estate Group Inc · MyStateMLS #12039751

Photo 1 of 48, multifamily property at 29 Turner Place, Albany, NY 12209
For sale

$399,900

Multifamily property

2,079 SF building0.13 acres lot

$192/SF (asking price ÷ building area)

  • Parking reported

29 Turner PlaceAlbany, NY 12209

Listing courtesy of Miranda Real Estate Group Inc · MyStateMLS #12037851

Photo 1 of 29, multifamily property at 34 Robinson Street, Schenectady, NY 12304
For saleReduced $16,100

$289,900

Multifamily property

2,200 SF building0.08 acres lot

$132/SF (asking price ÷ building area)

  • Parking reported

34 Robinson StreetSchenectady, NY 12304

Listing courtesy of Miranda Real Estate Group Inc · MyStateMLS #12037840

Guides

Listing courtesy of AXIS REALTY CNY LLC. Listing agent: Tabatha Trevor. Listings provided by MyStateMLS.

Listing last modified at the source Oct 24, 2026, 4:34 PM UTC. Commercial Only last confirmed MyStateMLS data Nov 4, 2026, 8:00 AM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.